Latest: Asia Stock Market News
A total of 70 million smartphones were shipped from China to sellers in the third quarter, down 11% from 78.9 million from same period last year, research firm Canalys said on Thursday
Imports totalled $89.66 billion in the first nine months of this year as India purchased more Chinese machinery and intermediate goods, the Hindu said
Shares in Japan closed at their highest level in nearly seven weeks, while world stocks also hit a five-week high and most Asian currencies also eked out gains after a decline in the dollar index
Reports of Foxconn's Zhengzhou campus operating in a “production bubble” went viral on Chinese social media platforms
Central banks from Hong Kong, Thailand, China and the UAE issued CBDCs worth $12m on BIS’ mBridge platform to test cross-border transfers to and from commercial banks and foreign exchanges
Rising gas prices have forced Thailand to extend the lifespan of some coal plants to meet its power needs. Meanwhile, Thai exports rose by 7.8% in September
The downgrade to B2 from B1 came after the Chinese conglomerate said last week its units would sell a combined 60% stake in Nanjing Nangang Iron & Steel United for up to $2.2bn
The onshore yuan finished the domestic session at 7.1825 per dollar, the strongest since October 12, while its offshore counterpart traded at 7.2151 at around 0830 GMT.
Mirae Asset is creating a 300 billion won ($208 million) fund to support Musk's takeover of Twitter, the Korea Economic Daily said
Problems were reported by 19,000 users in Singapore and 68,000 in the UK, as well as users in India and Hong Kong
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Markets: The Big Picture
With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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Oil & GasIndia Is Likely Exporting Refined Russian Oil to the WestIndia’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
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MarketsApple Asks Suppliers in Taiwan to Meet China Label StandardsUS tech giant Apple told its Taiwan suppliers that products moving to China must be labelled to state that the island is a part of China and not an independent nation
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MarketsIndian-Owned Tech Firms See Sharp Growth in UKDespite a moribund British economy and heavy corporate tax, Indian-owned tech firms are growing in the UK.
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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